Technical Reports on Asset Management Stocks -- Bank of New York Mellon, Blackstone, Invesco, and Franklin Resources
NEW YORK, February 21, 2017 /PRNewswire/ --
This morning, Stock-Callers.com has lined up the following equities for review: The Bank of New York Mellon Corp. (NYSE: BK), The Blackstone Group L.P. (NYSE: BX), Invesco Ltd (NYSE: IVZ), and Franklin Resources Inc. (NYSE: BEN). According to an article on Financial Times last Friday, February 17th, 2017, the Financial Conduct Authority mooted an overhaul of asset managers' fees as well as how funds are governed as part of a shake-up of the Asset Management industry proposed by the UK regulator last November. These are alongside other recommendations such as an all-in fee that would force investment houses to be more transparent about charges. Download the free research reports on these stocks today:
http://stock-callers.com/registration
Bank of New York Mellon
New York headquartered The Bank of New York Mellon Corp.'s stock rose 0.15%, finishing last Friday's trading session at $47.14. A total volume of 3.67 million shares was traded. The Company's shares have gained 5.58% in the last month and 0.62% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 1.07% and 11.36%, respectively. Additionally, shares of Bank of New York Mellon, which provides financial products and services to institutions, corporations, and high net worth individuals in the US and internationally, have a Relative Strength Index (RSI) of 61.91. See our free and comprehensive research report on BK at:
http://stock-callers.com/registration/?symbol=BK
Blackstone
Shares in New York-based The Blackstone Group L.P. ended at $30.22, down 0.59% from the last trading session. The stock recorded a trading volume of 3.92 million shares. The Company's shares have advanced 4.68% in the past month, 20.04% in the previous three months, and 13.51% on an YTD basis. The stock is trading 3.15% and 16.19% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Blackstone Group, which provides financial advisory services to its clients, have an RSI of 51.52.
On February 10th, 2017, Blackstone announced that private equity funds affiliated with Blackstone have entered into a definitive agreement to acquire Aon PLC's technology-enabled benefits and human resources platform, currently part of Aon Hewitt, for cash consideration of up to $4.8 billion, including $4.3 billion at closing and additional consideration of up to $500 million based on future performance. The Company noted that the business is the largest benefits administration platform in the US, and serves approximately 15% of the US working population across more than 1,400 companies. BX free research report PDF is just a click away at:
http://stock-callers.com/registration/?symbol=BX
Invesco
On Friday, shares in Atlanta, Georgia-based Invesco Ltd recorded a trading volume of 2.12 million shares. The stock declined 0.03%, closing the day at $32.54. The Company's shares have gained 8.80% in the last one month, 3.29% over the previous three months, and 8.19% on an YTD basis. The stock is trading 5.52% above its 50-day moving average and 10.70% above its 200-day moving average. Additionally, shares of Invesco, which provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds, have an RSI of 66.15.
On February 16th, 2017, Invesco announced that it will hold its 2017 Annual General Meeting of Shareholders on May 11th, 2017 at 1:00 p.m. CT at the Langham Hotel located at 330 N. Wabash Avenue, Chicago, Illinois 60611. Invesco's shareholders of record as of the close of business on March 13th, 2017, are entitled to attend the Annual General Meeting and vote their shares. Sign up for your complimentary report on IVZ at:
http://stock-callers.com/registration/?symbol=IVZ
Franklin Resources
At the close of trading on Friday, shares in San Mateo, California-based Franklin Resources Inc. recorded a trading volume of 2.35 million shares. The stock finished the session 0.57% higher at $42.53. The Company's shares have gained 6.70% in the past month, 11.02% over the previous three months, and 7.45% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.32% and 16.59%, respectively. Furthermore, shares of Franklin Resources, which through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships, have an RSI of 65.90.
On February 16th, 2017, Franklin Universal Trust, a closed-end investment Company managed by Franklin Advisers, Inc., announced a dividend of $0.032 per share, payable March 15th, 2017, to shareholders of record on February 28th, 2017. Register for free on Stock-Callers.com and download the latest research report on BEN at:
http://stock-callers.com/registration/?symbol=BEN
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